Goodwill, Customer Relationships and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill, customer relationships and other intangible assets

Goodwill, customer relationships and other intangible assets consisted of the following:

	September 30, 2021		December 31, 2020
	(Dollars in millions)
Goodwill	$	6,667	7,405
Customer relationships, less accumulated amortization of $2,617 and $2,246	$	5,487	6,156
Capitalized software, less accumulated amortization of $322 and $256	387		401
Trade names, less accumulated amortization of $98 and $83	33		48
Total other intangible assets, net	$	5,907	6,605

Schedule of goodwill

The following table shows the rollforward of goodwill from December 31, 2020 through September 30, 2021:

	(Dollars in millions)
As of December 31, 2020 (1)	$	7,405
Reclassified as held for sale (2)	(718)
Effect of foreign currency exchange rate changes	(20)
As of September 30, 2021 (1)	$	6,667

_______________________________________________________________________________

(1)Goodwill at September 30, 2021 and December 31, 2020 is net of accumulated impairment loss of $3.6 billion and $3.7 billion, respectively. The change in accumulated impairment losses at September 30, 2021 is a result of amounts reclassified to held for sale related to our planned divestiture.

(2)Represents the amount of goodwill, net of accumulated impairment loss reclassified as held for sale related to our planned divestiture. See Note 2—Planned Divestiture of the Latin American Business.

Schedule of estimated amortization expense for intangible assets

We estimate that total amortization expense for intangible assets for the years ending December 31, 2021 through 2025 will be as provided in the table below. As a result of reclassifying our disposal group as being held for sale on our September 30, 2021 consolidated balance sheet, the amounts presented below do not include the future amortization of the intangible assets for the disposal group. See Note 2—Planned Divestiture of the Latin American Business for more information.

	(Dollars in millions)
2021 (remaining three months)	$	200
2022	736
2023	708
2024	704
2025	689